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and iraq were fought as quote emergencies, which means they weren't included in the annual deficits. so, now, when they're talking about a budget that cuts student loan programs for gi members, people coming back from iraq and afghanistan now they're not getting their student loans. because this was all fought off budget. i think that's political malpractice on the part of the republican party. they should have budgeted for this. >> well, from a congressional physician of the soul like diana degette, thank you so much. now to dr. james peterson, msnbc analyst and director of africana st studies. professor, millions oppose the war, but as you know, and i'm sure you remember, their voices were significantly marginalized. give us a sense of how that happened. >> there's a lot of context here. we have to start with the fact that the sort of american ethos in response to 9/11 was a sort of patriotism, people not in line with the government and a very war hawkish administration seemed to be anti-american. so in that environment, the voices that were speaking out against this war, but in that
have such big deficits, what can we do, pay your social security and medicare you paid into your whole life. we're going to have to rob you on that because bush spent all your money on the iraq war. sorry, sorry we don't have enough money. by the way we'd love to start a war with iron. that could cost a couple trillion dollars. later, we'll rob you even more and say sorry we just don't have any money. by the way yes, it was started by bush and the republicans and yes, a lot of democrats voted for it, because as usual, it doesn't matter who wins the election, you get the right wing policy, no matter what. all right let me bring in experts. catherine lutz is part of the good folks who did that project that we just gave you the stats from, co director of the cost of war project and michael from rolling stone and our own notebook here on current. catherine, let me start with you. so a lot of people will look at those clips and say really, $2.2 trillion. where did you get those numbers from? >> well, we had a team of 29 people working on the in connection and our economists basically added
, the beginning of it to date is 8.35. nearly a 7 inch deficit in san jose. that is why we think we can have drought conditions developing as we head to may and june. the camera lens has been wet. it is slick on the peninsula on 101 and 280. you can see the rain drops creating a beautiful shot tonight. drivers are slowing down quite a bit and visibility being reduced with moderate rain. we have this area of low pressure, a cold front and then a huge stream of subtropical moisture moving in. you may have noticed it felt a little humid out here. we actually squeezed out a lot more rainfall if we had a few more dynamics happening for us with this storm. we are getting more of a moderate to weak system for us as we continue throughout the night and tomorrow. we have the rainfall lingering through 9:00 p.m. and then a small break by 11:00 p.m. tonight. may have lingering showers near san francisco. and then we will start to get in on the second reinforcing round of rainfall through wednesday morning. and then it will push down throughout the afternoon hours on wednesday. do expect periods of wet
we go deficit reduction. you saw minutes 6-3. there was expectation we had noises out from tucker that perhaps there might have been a bigger number voting for qe. what we will look at today is to see what osbourne does with the bank of england and there's a bunch of things he might do from amending the target, inflation target to changing the bank of england act saying we'll put in a jewel mandate. that may be more of a focus than anything he says about borrowing figures and growth numbers. >> absolutely. you can look at the sterling reaction here, ross. we're spiking above 151 now on the back of those minutes. melanie, over to you. i guess investors would have liked to see hints of a more accommodative bank of england here during the last meeting. might there not be more of a policy shift under way perhaps as ross said related to even changing the mandate? >> in terms of what we're expecting today, we do think that it might be the more interesting of the budget to watch. i wouldn't expect any big changes today. i think what he may do is announce a review of the policy fra framew
they trust on spending issues. when asked how our budget deficit should be reduced, a large majority, 65% of people said by cutting spending. when asked to choose between the budgets proposed by each party, most people pick the one more in line with the republican proposal. cutting spending and not raising taxes. but when asked when each party was trusted more, people say that they trust the democrats more. go figure. let's get an amp explanation from charlie hearst, economists at the washington times. so you have this. people seem to like the republican approach. they just don't like the republican label with it. why is that? >> i think a large degree, republicans have been snakepit. largely because of what we have seen over the last couple of years. republicans talking to the media, which is something the democrats have focused on more than anything else. including the ideas that republicans have gone four. voters are far more in line with those ideas. but i would actually argue that republicans least realize that there is a problem here and there is a real disconnect between washingto
deficit and goes before a judge tomorrow. it is stupid moves like this that are keeping cities and agencies like the post office drowning in debt. there is more people involved and not a fix the problem. we just need to get the monitor. that's my "2 cents more," and that's it for tonight on "the willis report." thank you for joining us. don't forget said records show. i'll see you next week. ♪ ♪ lou: good evening, everybody. president obama today reacting to reported, but unsubstantiated claims of the use of chemical weapons threatening the syrian regime led by a dictator. president obama made his declaration during a joint news conference with israel's prime minister. the first day of his first trip to israel as presidents. >> i had made clear at the use of chemical weapons is a game changer. any more horrific gains. i believe that if the regime has lost all credibility and legitimacy. lou: making an effort to assure the israeli people that america has throwback in regards to ending the iranian pursuit of nuclear weapons and that any decision by netanyahu to protect the na
struggling? economists point to concern about the debt and deficit. uncertain effects of the obamacare. especially the weight of tax increases. >> it's negative for economic growth overtime. global economy, we compete, with many other nations. part of the competition is taxes. >> conservative critics argue big government fools itself to thinking taxing and spend willing make the economy grow. >> it assumes you take money from the economy right pocket and put in the left pocket and manualicly you more money. >> administration defenders, though, look at it differently. >> under normal circumstances, you don't want the government intervening. in the circumstances where we have the weak demand this is a good time for the government to step in. >> even though who want to spend less would increase spending at lower rate. >> bret: house lawmakers vote down budget proposals as an alternative to g.o.p. plan put forward by paul ryan. senators approved a stop gap spending plan. continuing resolution to keep the government funded after the end of the month. senate has, now it heads to the house. a
in that report because they really don't have an answer. they want to cut taxes and cut the deficit at the same time. those are their two agenda items. you can't do both. they are just trying to ignore it and hope it goes away. >> now, when you look at the reaction, patricia, there's no wonder they are being defeated at the polls and poll after poll shows that americans are not going their way but i think this only further drives the wedge between the american voters because people are offended when it is clear you are not even being honest with them. >> well, yeah. and i think what americans are really want is just an honest discussion of the issues and if people come at an issue and have an honest disagreement and use facts that are accurate, you can have that discussion and debate. but when you come out of a discussion with facts that are not true that "the washington post" says are four pin knock key ohios, you can't even start to talk about things in an honest way and that's why michele bachmann has gotten into so much trouble. she won her last wasn't by a point. she's a huge target for de
, erasing a 27-point third quarter deficit to beat lebron's old team, cleveland cavaliers, 98-95. james had a triple-double, 28 points, 12 rebounds, 10 assists. the heat now within nine games of the nba record for consecutive wins set by the 1971-72 los angeles lakers who won 33 in a row. what are the chances, berman, that it happens? >> you can't keep falling behind by 27 points and expect to win nine games more in a row. >> they do that on purpose is my theory. but your theory is that -- >> they've gotten so used to winning any way they want, they sort of -- >> no big deal? >> -- they play casually the first three quarters and then they turn it on. i suspect it may catch up with them. >> i suspect you're right. >> thanks, zoraida. >>> we're awaiting a live news conference with president obama and palestinian president mahmoud abbas. we'll bring it to you right when it happens. this as there are no reports this morning that abbas may be ready to make a key concession. say path to a two-state exclusion on the horizon? >>> what's going on with jay leno? rumors that say pretty soon before he
that are confident. they are at odds about the budget deficit. they believe the federal government should be required to balance the budget. and when asked to describe the national debt 68 percent said it is an immediate problem. 27 percent said it's something that can be handled in the future. only 4 percent said it's not a problem. >> reveal your weight or pay a penalty. cvs announcing all workers on company healthcare must have an annual wellness review and report their weight, body fat, blood pressure and more. if they don't they will be charged $600 more a year. people not only criticizing the penalty but also wondering this about worker's privacy. in a statement cvs said personal health information would remain private. so we want to know would you reveal this information? send us your comments at foxfriendsfirst@foxnews.com. >>> 9 minutes to the top of the hour. you are looking at president obama arriving at ramallah. this as a short time ago a rocket launched into southern israel. we have a live report from ramallah on the other side of the break. 15 of the 9-11 hijackers came from saudi arab
more than 50 elementary schools, trim $400 million budget deficit believed to be the largest ever in one place at one time in the country. the head of the chicago public schools says that the district must consolidate to get students into higher-performing schools. >> if your cup of coffee is not doing the job, now you have a way to get a super pick me up. a company is coming out with a product that contains twice the caffeine you find in a normal cup. the makers say that a blended bean from indonesia, ethiopia, and south america to brew their neck snapping cup of joe. those are their words, and it is selling on amazon for $20 a bag. "good morning america" will have more on "death wish" at 7:00. that is the name of the coffee. >> okay, is your insurance paid up? >> drink this, sign this. >> okay, we will check with meteorologist, mike nicco, and the bay area forecast. >> temperatures will rebound and we will climb if tomorrow and through the weekend we have a lot of spring warmth. it looks like we are going to have a lot pollen out this, also the rain we had yesterday and the suns
of the federal deficit should be the top priority for congress this year. 52% say immigration reform is a top issue. 42% say new gun control policies are the most important issues. and 33% say efforts to combat climate change should be the priority. >> 7:08. we know what sal's priority is keeping a close eye on traffic. >> okay. right now we are looking at a community much better than it was yesterday. we have slow downs obviously. let's take a look at the bay bridge. earlier minor crash. didn't last for too long. but the metering lights were turned on and slowed down for a bit. so it's a little worse than it normally is. backed up to the mc arthur maze. 30-35 minute delay. if there are no other problems on the bridge, this will begin to wind out and by 8:00 see an improvement. this morning's commute has been busy on 880 between hayward and fremont. we're talking about the livermore valley as well. westbound 580 slowing coming in over the pass. but no problems into castro valley. let's go to steve. >> thank you. mostly clear. patchy low clouds. they are going north to south. they'll eventuall
, that's the estimate of what the possible deficits of these programs might be projected out to the infinite future. it's known as the infinite horizon projection. it doesn't tell us anything about the current fiscal status of these programs. it's just designed to create a big scary number as it does. 60 trillion-dollar, sometimes you hear the number 200 trillion-dollar. that's nonsense. real actuaries hate this sort of number because they say it's only there to basically mislead the public, and to scare people into making changes in these programs that they don't need, and that aren't necessary. >> john: indeed. i know we're short on time but i want to get to your fourth lie which i thought was one we hear all the time that you're paying way too much for your benefits or maybe you're paying too little? >> yes this is an in the misrepresentation. they are social programs. some putting more in to them will get more out of them. some won't get much out of them, what they paid in taxes. what makes the programs valuable at the middle of your career or midpoint of your career you
that the obama care would be deficit-neutral and control costs i think has turned out to be a charade. if you look at the longer term projections it looks especially more unlikely today than it did when they were engaged in the budget that allowed it to pass. what i think is interesting on the political side is how republicans are treating the issue right now. there is a debate inside the republican party whether it's wise to continue talking about obamacare. on one hand you have a group that says in effect this is over, this is done, we should tweak it, try to improve it, do what we can. let's not focus op it because it's in the past and discussion of aweer thety. on the other hand people think talk about it all the time because implementation is proving difficult and it will be more difficult as we go along to the republicans' benefit. >> bret: the second group of republicans believe the thing could crater. it could just not work. >> correct. that is a possibility. i think that the comment we just heard, there are thousands of pages of regulation that people haven't read is true. i don't ca
to reduce the district's 1 billion-dollar budget deficit. officials say that many of those schools are half empty and that this move will save hundreds of millions of dollars. a louisiana judge is ruling that a new law that bars felons from owning guns violates that state's constitution. residents passing an amendment in november of last year, that challenged law now heads to the supreme court. now for a segment that we like to call what the hill? and you will understand why in just a second it was supposed to be money for the future but 15 years later it's just money down the drain. $24 million in federal funding was spent on a four building complex named after democratic congressman james clyburn. the problem just one building has been built and another 80 million is needed to finish it. that plan to end mail delivery on saturdays just return to served sender. congress has just passed legislation that requires saturday delivery. the postal service planned to stop saturday service lower cost after it lost $16 billion last year. the fbi is trying to figure out how a guy posing as a pilot go
the deficit, more stimulus and spending. we are in the funny process where we will wrap up 50 hours of debate and then start the unlimited amendment process. any issue you have heard your callers call in and complain --ut, we might see today drone strikes against u.s. citizens, taxes, repealing healthcare -- they might all come up, but it is adding to a nonbinding budget resolution, so it is interesting and it might give people clues. host: a headline in your sayscation, "the hill," the senate is poised to pass a budget. guest: i think democrats will control the process and get it passed. .hey have a small window they can afford five democrats to not vote for it and still pass it, and in that case you would need vice president joe biden to break the time. -- the thai. .- tie there is pent-up frustration on the republican side about no real budget debate over four years. once it is passed, a lot of people will feel better. democrats will say we passed a budget, republicans get to complain about the budget month but from there it is hard to see how the senate budget reconciles with the house bu
if you don't tax device makers? it comes from the taxes. this is going to be added on the deficit. they constructed a budget, that made it look as if, as obama promised, not going to cost the treasury a dime. well, the cbo says it will cost $1.3 trillion over a decade. so there is an increase in $1.3 trillion plus a dime in taxes. so that it ends up looking like it's not going to cost. but there will be increases in taxes everywhere. this one will be canceled. it's ridiculous. this is the one area, medical devices where the u.s. has tremendous advantage in technology over the rest of the world. why would you kill an industry that is so productive? so, the money will be cut. it will have to come out of taxes. the $1.3 trillion will become $1.6 trillion. it will climb. ultimately it will be a drag on the economy. i think ultimately after it hits and you get a train wreck and all the inefficiencies people will say in a couple of years, why don't we adopt a canadian system? cut out the middleman. and stop all the waste. simply have a simple system. government is completely in control
different plans for dealing with the deficit. the senate version calls for spending $100 billion on infrastructure to help create jobs. the house version calls for deep cuts in domestic spending to balance the budget by 2023. >>> the california department of education is expanding its list of recommended reading for kindergarten through twelve grade and it includes newly published works dealing with sexual identity issues. here's abc7 news capital correspondent nannette miranda in sacramento with the story. >>> as summer nears, educators want to keep kids reading. the california department of education just updated its list of more than 7,800 recommended books. meant to prepare students for college and the ever-changing world. included for the first time are winners of the stone wall book award which recognizes lesbian, gay, bi-sexual and transgender literature. >> it's good to teach kids that everyone is different and we are all people and we can all be accepted for who we are. i think it's great to see those books being recommended. >> the books are recommended according to age
vastly different plans for dealing with the deficit. the senate version calls for spending $100 billion on infrastructure to help create jobs. the house version calls for deep cuts in domestic spend to go balance the budget by 2023. >>> the california department of education is expanding its list of recommended reading for kindergarten through twelve grade and it includes newly published works dealing with sexual identity issues. here's abc7 news capital correspondent nannette miranda in sacramento with the story. >>> as summer nears, educators want to keep kids reading. the california department of education just updated its list of more than 7,800 recommended books. meant to prepare students for college and the ever-changing world. included for the first time are winners of the stonewall book award which recognizes lesbian, gay, bi-sexual and transgender literature. >> it's good to teach kids that everyone is different and we are all people and we can all be accepted for who we are. i think it's great to see those books being recommended. >> the books are recommended according to age.
taxes, it would curb spending by repealing obama care and eliminate the deficit in ten years. $4.6 trillion in cuts. zero chance of passing in the democratic-controlled senate, it's dead on arrival. >> lawmakers in the house and senate approved legislation to fund the government through the end of september. that avoids the risk of a partial federal shutdown. in the process, they are on spring break for a couple weeks. what's your take on this? >> my take is the whole financial dysfunction of our congress is mind blow iing. you look at this week. let's say frederick, maryland, where there's air traffic control that will be shut. a tower that was built by the stimulus money. so stimulus money went into this tower. the government saying it's a priority. and the the government because of its dysfunction saying we have to shut is down. that's a perfect representation, i think, of how washington is not doing its job. we can't even pass a budget. it can't even run the books. there's no strategy. when you look at some of the spending cuts, you see a lack of a strategy in american financ
and the government would still be in a deficit ten years from now. senator patty murray, however, argues it creates jobs and economic growth for the democrats, the vote is a big accomplishment. >> first of all, over the last two decades the average budget resolution considered 78 amendments. we've done 101. average, we've done 70, twice as many. to doing this has been a herculean feat. >> hundreds of amendments were filed, but 70 were voted on. senators approved a sales tax for online retail sales and voted to approve tkeystone pipeline and to big to fail for big banks. and these are mostly symbolic gestures and show where the senators stand on issues and of course, when you take a 13 hour 6 minute vote there does have to be a little bit of humor. >> it is good to say that as of this time, 5 a.m., there has not been a day without a budget being passed in the united states senate. (laughter) . >> reporter: all democrats voted yea with exception four who are up for reelection in 2014 and states which can be unfriendly to democrats and white house secretary responding to today's news and saying the p
. young people who care about deficits and debt issues years ago. they said that was an important issue along time ago. >> host: yeah i'm sure that's true but is it really chew the young people are thinking about entitlement reform and you know long-term tax reform in that kind of thing? >> guest: i think they care about the basic principle behind it. i don't know that people of this generation or anyone are anyone in this country has a detailed plan for how to address these things except some people in congress but i think we understand the principle behind meeting to make decisions and not wanting to be stuck with having to pay this bill down the road. i think that something this generation has been aware of because we have been talking about it for a long time. >> host: and not just sort of generalizing an entire generation but what do you think the millennials view is on the current state of the economy? things are not good and things are not looking good particularly for the future of this generation. they might be optimistic but they are also wrong in some sense. >> guest: well i'
that passed through the senate really echos what president obama would like to see in terms of deficit reduction but the problem, of course, is when you match up is the senate bill with the house bill. the senate bill calls for deficit reduction through increasing taxes and spending cuts and, of course, the house bill calls for steep cuts in balancing the budget within ten years. of course, some revisions to medicare as well. a lot of differences and we have another deadline coming up. the debt ceiling will have to be revisited this summer, alex. >> looking forward to that. >> reporter: yeah, we all are. >> thank you very much, kristen welker. >>> joining me right now, andy sullivan and ann palmer. ann, i'll begin with you. the president is back from the middle east. the reviews are out there. how are you getting the word in terms of how he was perceived? >> i think one of the key things you can look at is what the israeli press put out in the days following his first steps and throughout the entire visit and it was a resounding applause. he got very good praise from them. obviously fr
. hold on, mercedes, let's acknowledge what has happened, the deficits have dropped now for 3 straight years at a rate lower -- faster pace than we have seen since the end of world war ii. nobody wants to acknowledge that. but they are coming down because we did have to engage in emergency spenning when the chitanked and we are coming out of that. we have to have balance -- that's good. but what is really good is job creation and a strong economy. we are seeing the effects of austerity. they would trade our economy for theirs in a success. in realtime, as consequence of austerity. >> what do we do? 85% of americans want to see a balanced budget. we are not even anywhere near that with these plans? >> unfortunately, i think when you look at basic fact of the two budget proposals, we are so far apart and we need leadership from the president. we are able to find out what the president's march madness 56 are before we -- before he unveils his budget. again, i think that it really comes -- from president obama to take a lead, to keep meeting with republicans and enable to try to bring the
about the deficit and debt issues. it was an important issue a long time ago. >> host: and sure that's true but is it really true that young people are thinking about entitlement reform. i think the care of the basic principle behind it but i don't know that even this generation would have come anyone in this country would have a detailed plan of. not wanting to be stocked with having to pay this build on the road that's something the generation has been done because we've been talking about it for a long time. >> host: not to generalize an entire generation but what do you think the millennial view is on the current state of the economy. things are not good and are not looking good particularly for the future of this generation. >> guest: the optimism -- it's important to note this -- it's not everything is great and fine right now it's towards the future will be better and as a group of 80 million people, the largest generation in history, we believe that we might be able to play a role in doing that and you have seen already young people being job creators. young people starting c
billion deficit. they don't want to get to where stock toeupbs righ stockton is right now so they are under this emergency pherg, state control. a lot of people have scheduled a protest today, are being called for to protest this move. what exactly wha will he be responsible for? >> slicing and dicing. cutting salaries of city employees. detroit already has a high crime rate. you don't want what happened to stockton, just like matt said they have per capita more murders in the city of chicago. how is that possible, little stockton? if you look at the map in california everybody was moving out in san francisco, properties were too high there, same with palo at torques silicon valley, they moved to stockton. what could happen in detroit unless they start cutting more. if detroit has to file for chapter 9 bankruptcy municipal that would make headlines around the world and kind prus would be booted off the front page. >> that's what they are trying to do and -- >> the mayor and the city council loose all the authority they shr-fplt they've been trying and they can't do that. the
.s. budget deficit should be reduced by cutting spending. but 35% said they trust the democrats more. so to regain the public's trust they have done an autopsy of the 2012 campaign. the rorpt has a lot of style but not a lot of serious substance. in it the word messaging appears 77 times technology in there 42 times, and then there is the long list of things that got no mention at also. health care inequality and others. the plan also pointed to some other issues, and no bashing poor people at all. the plan says low-income americans are hardworking people who want to become hard-working middle-income americans of course paul's plan would make it harder than ever to allow poor people to join the middle class. next up, reagan. enough already. the youngin's at all don't even remember him. they also pledge to be flexible on gay rights even though republicans are spending millions defending the discriminatory defense of marriage act, and finally immigration reform and reaching out to minorities. they'll spend $10 million this year on a minority outreach program called the
that is about. i do know $16.7 trillion debt, growing at the rate of the deficit every year, is a big problem. >> so they see, they say -- i want to stress it is a big problem, but not an immediate crisis, di does that take the urgency off of addressing it? >> no, it does not, what business, what investment and capital is looking for is they are looking for tre deccability -- predictabilitiy and stannability, which they see the movement going on in the debt itself, that offers neither. >> when you and the governors met with the president, a weeks ago, and you talk, i think you were knee deep in the whole sequestration debate. and president's warning that disaster is coming. >> that was the story. neil: and i thought to myself, governor, i mean, holy cow. however onurus the cuts would be, they are in a 3.6 -- budget, if whining about these cuts what are we doing when we have to put pedal to metal. >> i don't know, i can tell you that the governors said for the most part, we can handle this we've been balancing our budgets since '08 when the downturn came. neil: did any of you say, quit scaring
for the time. but i'm not seeing anything taming the grove of spending in the interim. so, deficits get worse, debt gets bigger problems get more inser mount able to me. >> right. soon we'll all look at detroit or greece or cyprus or mexico city. >> do you think that is where we are headed? >> pretty much, it happened during the great depression, it of created not by our economy but the government, we have the great recession right now, if we don't get out of the great recession it is a great depression. neil: all right on that happy note. how it was like, outside of that mrs. lincoln, how of the show. do you think that union unions are down and out? get ready, they are fighting back, and they have a lot of cash, wait until you hear where they are getting it. and wait until you find out what they have named in their corner. >> clash of the corporate tita titans. aig ceo robert whether he will lawyer up against the very folks to bailed his company out. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from nation
the country continue to struggle with failing students facing record deficits. new jersey governor chris christie called school supers arrogant and greedy, but when new jersey tried to cap super pay, the school school superintendents sided the cap by double dipping, retiring early to pocket the pensions, and then they got rehired elsewhere as school administrators or consultants. in new jersey, one retired 18 years ago, but got rehired 23 times since as a school administrator elsewhere pocketing $1.2 million, and double dips is rampant in ohio too. back to you. gerri: great story. thanks, liz. on to farmers. they are getting paydays for the land. it's part of what some call another golden age for farming. with more on this, host of u.s. farm report. john, thanks for being with us. great to have you on the show, now, this story surprised me because i thought the drought killed you all, and hear that farmland is on fire, and, in fact, some investment banks out there try to snap up as african as they can, i was surprised by that. what's going on? >> well, it's not quite as drastic as it app
year believe they had a $37 million deficit in the city of 166 million. sitting there saying, you owe us $30 million per year. lighter nighter going back to pay. tried twice in the last year the charter renegotiate. the first time they tell them, and this is what is a believable. they did not qualify for hardship. i don't know what that means of the folks. what to they have to do, be under steep -- under siege by north korea? and then on top of that they give them the excuse that legally there's nothing we can do because our contract says are obligated to pay us so that we compare pensioners. gerri: thank you for coming on. appreciate your time. we will continue to paula. i hope you will come back. >> i would love to. thank you. gerri: are you underestimating your retirement needs to make the president of charles robb joins me next with a startling report. post with the big retirement planning mistakes that we're all making. stay with us. ♪ ♪ gerri: confident that your golden years? your survey finds that may not be the case. how to plan for your retirement coming up next. ♪ the
said he was going to fix the problem of billions of dollars in new taxes, and still deficits in the state was running under governor doyle, and he did it. you got some leaders who wants to make the right choices, and what ewe see down the road, they will be able to buoy up the funds and save the money for when they need it in circumstances like we see now with states saying they need to have money that they are no longer going to get because of sequester or the federal funds dry. sandra: you mentioned the sequester, and this is a way for the federal government to be forced to prioritize how to spend the funds. maybe we could see something at the state level as well because priorization is a big problem. how do we decide how to use these funds. >> right, right. you know, i hope so. i hope that what states do rather than taking money and spending it right away is they use it as a good opportunity for a little bit of intraspection, just a little as all states need, to look at bottom lines to tighten the budgets. with money coming in the door, my fear, and you see this in the sta
of cutting something else we have a trillion dollar deficit. neil: you know, every time the president or something else goes on a foreign trip, i immediately hang to my wallet. they open the wallet left and right to the foreign governments, i'm thinking, that is not good. >> last week, we signed a contract state department, giving usaid 25 million to crime frightennishtivefight inivetives in el salvador. foreign trade is a much better way to get there. but this shows that spending that steve is talking about happens every day, no one cares, very few people write about itic semp cranks like us, and maybe you should step back, take a breath and cut something. neil: the foreign aid budget, is you know, if you count it about 20 billion a year. that is a lot of money to be giving away from american taxpayers to give to foreign country, and show me any example where foreign aid has worked to make a country richer. i said, it gives money from poor people, and rich people, and gives to to rich people in poor countries that is what foreign aid is. neil: thank you very much. >> thank you. neil:
'll be a while, in other words. dagen: it will be a while, but the good news is the budget deficit is actually declining. suggesting a decline for the next three years, so there's a little bit of time in washington to get it right. it is not as imminent, you have not done sequestration, but it is still the fed, all about the fed. what the market will be focused on is not so much when they will raise rates because that is forever into the future, but will they be skimming back the 85 billion in purchases? i don't think there will be any sign that will happen. i think it is helping the economy. connell: you agree with the policy? >> i agree with the policy, but what is propping up the stock market is the better economy. and i cannot attribute that alter the fed. a lot of people don't think the fed is doing very effective, think it works a little, but housing is coming back certain the fed is helping that, jobs, business investment more than just the fed, that is a general improvement in the overall economy, there's no question the fed kept at it. but there is more to it than just the fed. connel
? >> sure, i do. one problem with the baseline is it brings the deficit later on of the we looked at the budget and realized we could probably balance in five years. the problem is with the way the numbers work is it brings you back out of balance soon thereafter. what we wanted to do is have a credible plan that got us to balancing, got us into surplus. that's what our budget does. there is something unique in the baseline where deficits go down to the mid part of the next ten years and then go right back up. what we want to do is get them on a downward path and keep them down. we not only balance the budget, we go into surpluses and pay off the debt. >> brian: here is chris van hollen. he seems to disagree with everything you say. here is an example. >> i'm used to that. >> let me focus first on what our budget focuses on, which is not just economic growth in jobs in the future, but jobs in economic growth now and in the future. this republican budget is not balanced in ten years. >> brian: is he right? is it not in balance? >> no, it does balance in ten years. they're throwing
choose. keep the current cuts in place, or get the same amount of deficit reduction by eliminating or reducing provisions in the tax code that benefits specific corporations or wealth year taxpayers. you choose. >> bill: we will give you more choices to make when we come back here with congresswoman jan schakowsky. you choose. >> this is "the bill press show." [ music ] guys that do reverse mortgage commercials? those types are now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current will let me say anything. what the hell were they thinking? >> chatting with you life on current.com/billpress. this is "the bill press show" live on your radio and current tv. >> >> bill: how about it 43 minutes after the hour? we are coming to you live from our nation's capitol, brought to you today by the national education associatio
it has no choice, its schools are running a deficit of a billion dollars, that's just the schools. so, it plans to close 50. largest single school closure in recent memory anywhere. needless to say, a lot of folks in chicago aren't happy about this, right? >> you know this story, don. you grew up in chicago, you covered school issues. it's a big deal, very divisive story in the sense that there are a lot of people who are worried this is going to hit mostly african-american communities. the city's south side. we haven't seen the list yet. the list is supposed to come out today at 5:30. look, a lot of people are anticipating this list, they think it's going to hit the south side hard. >> they were saying possibly in the beginning of the school year they were saying they were going to close 80 to 100 schools and they may have gotten off easy this time because it's only 50 schools, but this is the single largest school closure in one year ever recorded. >> we're talking about again the third largest public school system in the country. >> you talked about the south side. south and west s
saying we want a lot more spending, most of it paid for by deficit this year and next. we'll see a lot of defectses from the democrat budget resolution. we saw a vote yesterday in the senate which was, you talked with stuart varney about. repealing the medical device tax. we're likely to see a lot of defects from the white house and the democratic leadership proposal to have a lot more spending in year and coming years. we saw the opening mark of that yesterday. bill: peter cottontail still on the schedule for the 1st of april. we'll bring you back and we'll continue this little discussion about what's right and what's not given the budget crunch. >> bring back the white house tours. bring back the white house tours. bring back the white house tours. there we go. bill: enjoy austin. see you soon. heather. heather: the clock is ticking as the country is on a verge of collapse. can a deal be reached before there is a i had on people's bank accounts and is this something we could see happen to your bank account? bill: also a scared homeowner, well, you won't believe what they did when a h
the deficit long term. the democrat budget, of course, talks about a big tax hike over ten years of about $1 trillion. republicans say they're not going to do that. they want to roll back obama care. these are the two outside extreme positions. that's where we're at now. going forward can they come together and find some middle ground? >> weigh in on that, lauren. is there really a chance for reconciling these two extreme budgets? >> i think david kind of nailed it here. when it comes to the budgets, they're just a little bit too far, but this budget process isn't a waste of time. i think it's promising that they went through regular order. this is something that the senate hasn't done. they haven't passed a budget this a long time. i think what we'll see is this may open the door to pass some appropriations bilts for 2014 and this could put us on the road for a long-term deficit reduction deal. these are just opening gothss here. >> david, as i look at your article, it focuses on immigration reform and how it's making its way through the senate. where do things stand right now? >> alex, the
accrued in 2001. when we think about debt and deficits, there are two kinds of deficits. those are those that invest in human capital or infrastructure or invest in education and there are those who do not. which endanger our future by adding to the national debt, and this war deficit was the second kind. my third point that i am passionate about, a lot it's difficult for many people to be passionate about accounting. i'm passionate about the lack of war accounting. one of the purposes of our book, and the several book chapters that we have written since then is to argue that bad accounting matters. the u.s. owes nearly a trillion dollars in what business would call deferred compensation to the men and women who fought the war, but this liability doesn't appear anywhere on the national balance sheet. we did not account for the value of the 6,6057 lives lost in afghanistan. that's just the troops, not civilians or contractors. except for a small amount of life insurance money even though civilian government agencies estimate the value of life at $1.7 million. so epa would value each one o
without a hint of how it would be possible. without exploding the deficit or dramatically raising taxes on the middle class. this is consistent with what the romney ryan ticket said on the campaign trail last fall. the same issue where they dodged, assembled, and ignored the perfectly reasonable question how is it possible? six months later it's back in the budget but there's still -- but there still is no answer. during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world intersection of budget saving opportunities with potential areas of agreement. health care reform is one. b
what's called video deficit when they watch the screen passively, they can't really assemble a coherent narrative about what's happening. the way our brains develop, we need some interaction, which a tablet actually supplies because you do something and you get a response for it. it's not a substitute for a loving care giver of some sort in your life, but at least it's responding. >> i do wonder, though, about attention spans. i have two kids, 6 and 10. i'm one of these brooklyn mommies that buys hand made wooden toys from germany andy courages the kids to read books. although when i need them to be quiet, i will hand them the kindle fire. and i do notice that they're a little more -- my son is a little more agitated after playing games on that. is there anything there to worry about really? >> let's start by saying your son's a boy. i'd say based on my experience -- and those who grew occupy without these devices is the same. it's true, all things in moderation, although as part of her expiration of the story, hannah kind of experimented on her own kid and let her youngest play as much
in than in any year in our history, yet we are still going to have a trillion dollar budget deficit. doesn't anyone realize there is a problem here? >> speaker boehner, i understand you met this morning with some of your members on benghazi, there's already been a report done. multiple hearings. are republicans planning further review? are you going to issue subpoenas? >> there were some members who wanted to a conversation to compare notes on what we know and don't know. and frankly there is a lot that we still don't know. so it was a friendly exchange of information and some decisions about a way forward. i any on what happened priorle to september 11, what actually happened on september 11. and then why it was described for weeks after something that it wasn't. when the people were watching this knew it was a terrorist attack. >> the c.r. passed today included some cushion for certain programs like border patrol, to help them get by with the sequester going into effect, but it did not do anything to prevent layoff that is are going to occur at t.s.a., f.a.a., traffic control towers are
.s. debt that has been accrued since 2001. aboutrse when we think debt and deficits, there are two kinds of deficit. there are those that invest in human capital or infrastructure or investing in education, and those which do not, which endanger our future by adding to the national debt. and this war deficit was of the second type. third point that i am passionate about, although it is difficult for many people to be passionate about accounting, but i am passionate about the lack of war accounting. one of the purposes of our book and the several book chapters that we have written since then is to argue that bad accounting matters. the u.s. owes nearly a trillion dollars in what business would call deferred compensation to the men and women who fought the war, but this liability does not appear anywhere on the national balance sheet. we did not account for the value iraqe 6658 lives lost in and afghanistan. that is just the troops, not civilians, not contractors, except for small amount of life insurance money. even though civilian government agencies estimate the value of life at $7.20 m
be in a deficit in 10 years the argument however is that the senate budget creates jobs and economic growth from the middle out. now, that's according to the author. senator pattie murray. for the democrats the vote is a really big accomplishment. >> first of all, over the last two decades the average budget resolution considered 78 amendments. we have done 101. the average vote arama 70 amendments. twice as many. doing this has been a her could herculessen feet. senator murray and senator sessions. >> during the vote senators were facing more than 500 amendments which were filed but 70 were voted on. of course when you do take a 13 hour six minute vote there has to be a little bit of humor. >> it is good to say that as -- as of this time, 5:00 a.m., there has not been a day without a budget being passed in the united states senate. >> and some interesting observations from the vote. all democrats voted yeah with the exception of for up for re-election 2014. unfriendly to democrats. mark beg gich from alaska. baucus from montana. pryor from arc. hagan from north carolina. recently passed the rya
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